Member Info for Quady

Addicknt I have answered you many times on this, this is the last time.
It's not necessarily that I think a JV is a good or bad idea.
I look at the evidence and the facts and believe this is the most likely outcome for all the reasons I have given.

Morning Scrat you are quite right NPV's are used for measuring projects and NAV's for measuring companies.
However Alpala is a project and I think we forget how big a project.
We also have the build cost which i believe on the reduced mine size on the last PFS of 2.9 billion dollars with a payback of 3.8 years.
Again figures from memory, please correct me if I am wrong.
So to value Alpala in this way I believe is fully justified.

I am doing this from memory so if I am wrong would be grateful if someone could post correct figures.

The NPV for Alpala alone is 4.3 billion dollars.
At today's conversion rates this equates to 3.5 billion pounds.
That's more than one pound a share just for Alpala.

You're half right FTJNY.
BHP paid 46 pence a share at one point.
The whole point to the diverse book argument is nobody is going to sell their holding for less than market value.
They will probably want a premium.

Even an opening bid of one pound a share doesn't give them that.

So ask yourself how does someone get control and a large portion of the profit from Alpala.

Answer is don't bid, but put up a substantial sum of money and JV with us.

As I have said before, this is now the most likely outcome looking at the evidence.

Correct bubble the quote is too get another before Alpala.
My bet is Tandy as it's part of Cascabel and we have 50 million earmarked for Cascabel.
However the Banking feasibility study is for Alpala.

Evening Bozi according to SP Angel we have gone straight to the BFS study. Link below.

https://www.proactiveinvestors.com/companies/news/1002961/today-s-market-view-azure-minerals-blencowe-resources-cornish-metals-and-more-1002961.html

Oh dear Redknight they own 6% because Solgold invited them in.
I believe this has to do with the Strategic review.
A JV making more sense every day to bring Alpala to production.

Agreed Smickster.

If inflation is going to fall back to 3% in 6 months time, that must mean the Ukraine war will be over in 3 months.

Hi DinnerMoney this is interesting, look's like they are settling on the PFS they have and going for the reduced block cave model.
However the SP Angel broker note said they were proceeding with the DFS. So maybe finance being raised in the background.

Jerry the reason finance is easier now has nothing to do with the markets.
Finance will always be available for cost effective projects that comfortably produce enough revenue to support a fast payback.
We now have 100% of ENSA. This is what makes it easier.

Seanhunter you are the only person telling lies and spreading misinformation.

1=) The company has never stated Alpala or Cascabel is up for sale.

2=) They have stated many times ( although not recently ) that we are going to production.

3=) We are undergoing a strategic review to advance Cascabel and look at the company's options.

4=) Yesterday SP Angel put out a broker note stating a faster route to production and we are continuing studies at Alpala.

5=) We just raised 50 million for exclusive use on Cascabel and that fits in with the SP Angel announcement.

6=) We now have 100% of ENSA and thus funding is now easier and cheaper than before.

7=) When Ingo was on board he announced that we had a billion of funding ready to go.
The situation today is easier to fund.

You not only sound desperate but uninformed.

Lastly if you are deluded enough to think a bid is imminent you have to explain why the wider market says you are wrong. Just look at the share price as it's not indicative of a bid anytime in the near future.

SharketMare according to the note the Studies are proceeding at Alpala.

Addicknt you are correct that's why I am treating this announcement with caution.
Too many unknowns.

On the contary SharketMare .
They are continuing to advance and de-risk Cascabel.

That would explain the 50 million raised to spend on Cascabel.
That's why my guess is that they are talking about bringing Tandy to production before Alpala.

I only report Rac.icts, Women haters and far right Thugs.
However I have made admin aware or seanhunters agenda to try to have me removed.

Have you read it Seanhunter.
I suggest you report SP Angel.

Clueless, but we all know that.

I am unsure DinnerMoney.
It's an interesting posting by SP Angel and is in keeping with the strategic review and could explain why we raised the 50 million.

All the best.

DinnerMoney I suggest you read my posts today.
I never mentioned Alpala.
Like you I suggested Tandy.
It would explain why we raised 50 million for Cascabel.

Seanhunter your the one telling lies.
First of all not me saying we are going to production. It's SP Angel . Try reading,
Next Copperpot has not sold up ( he is one of the knowledgeble posters on here), by my reckoning he's holding about twice my own holding.
Suggest you stop spreading lies and off you trot to your beloved Slug.